Dozens of well-paid jobs will be created after national wealth manager Bellpenny announced a new Birmingham hub.

The financial planning firm, which completed a takeover of Torquil Clark last year , is opening an office on 45 Church Street, at the heart of the city’s business district.

More than 50 Bellpenny staff will move into the 8,709 sq ft ground floor office suite on April 13, with a doubling of numbers anticipated over time, reflecting the company’s ambitious growth plans for The Midlands.

The move is another shot in the arm for plans to grow Birmingham as a financial services hub on the back of Deutsche Bank creating thousands of jobs here.

Bellpenny’s chief executive Kevin Ronaldson said Birmingham was the “natural choice” for its Midlands base and said there was space to expand.

He added: “It meets all our key criteria, including plenty of room for future growth and an excellent ground floor position with a separate entrance for clients and other visitors.”

“Birmingham benefits from a vibrant, dynamic commercial community – moving to these new offices places Bellpenny right at the heart of it.”